Can I retire at age 41 with 930,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $930,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%15.2%
1 years$76,799$76,114$75,447$74,796$74,160$72,573
2 years$38,019$37,311$36,625$35,959$35,314$33,724
3 years$25,094$24,383$23,699$23,040$22,405$20,860
4 years$18,633$17,924$17,247$16,599$15,979$14,492
5 years$14,757$14,053$13,384$12,749$12,147$10,721
6 years$12,175$11,475$10,816$10,196$9,612$8,249
7 years$10,330$9,637$8,988$8,383$7,817$6,517
8 years$8,948$8,261$7,623$7,032$6,485$5,248
9 years$7,873$7,192$6,566$5,990$5,461$4,287
10 years$7,014$6,340$5,724$5,163$4,653$3,540
11 years$6,311$5,644$5,039$4,493$4,002$2,948
12 years$5,726$5,066$4,472$3,941$3,468$2,472
13 years$5,231$4,578$3,996$3,480$3,024$2,084
14 years$4,808$4,161$3,590$3,089$2,651$1,765
15 years$4,441$3,801$3,241$2,755$2,334$1,500
16 years$4,120$3,488$2,939$2,467$2,063$1,280
17 years$3,838$3,212$2,674$2,216$1,829$1,094
18 years$3,587$2,968$2,441$1,997$1,626$937
19 years$3,362$2,751$2,235$1,805$1,450$805
20 years$3,161$2,556$2,051$1,634$1,295$692
21 years$2,979$2,381$1,887$1,483$1,159$596
22 years$2,813$2,222$1,739$1,349$1,039$513
23 years$2,662$2,079$1,605$1,228$932$443
24 years$2,524$1,948$1,485$1,120$838$382
25 years$2,398$1,828$1,375$1,023$754$330
26 years$2,281$1,718$1,275$935$679$286
27 years$2,173$1,617$1,184$856$612$247
28 years$2,073$1,523$1,101$785$553$214
29 years$1,980$1,437$1,025$719$499$185
30 years$1,893$1,357$954$660$451$160
31 years$1,812$1,283$890$606$408$139
32 years$1,736$1,214$830$557$369$120
33 years$1,665$1,150$775$512$334$104
34 years$1,599$1,090$724$472$302$91
35 years$1,536$1,033$677$434$274$78
36 years$1,477$981$633$400$248$68
37 years$1,421$932$593$368$225$59
38 years$1,369$885$555$339$204$51
39 years$1,319$842$520$313$185$44
40 years$1,271$801$488$289$168$39
41 years$1,227$762$457$266$152$33
42 years$1,184$726$429$246$138$29
43 years$1,144$692$402$227$125$25
44 years$1,105$659$378$210$114$22
45 years$1,068$629$355$194$103$19
46 years$1,033$600$333$179$94$16
47 years$1,000$573$313$165$85$14
48 years$968$547$294$153$77$12
49 years$937$522$276$141$70$11
50 years$908$499$260$130$64$9

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 41 starting with $930,000, adding $6,899 every year, while hoping to spend $34,682 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 55/21/24 Blend
40$930,000$930,000$930,000$930,000
41$1,031,976$982,686$968,271$1,081,597
42$1,100,337$993,937$963,807$1,127,678
43$1,174,507$1,004,576$958,031$1,173,630
44$1,255,044$1,014,537$950,862$1,222,949
45$1,342,559$1,023,750$942,216$1,275,969
46$1,437,725$1,032,138$932,005$1,333,059
47$1,541,281$1,039,622$920,136$1,394,627
48$1,654,043$1,046,115$906,512$1,461,124
49$1,776,907$1,051,526$891,032$1,533,048
50$1,910,859$1,055,757$873,588$1,610,949
51$2,056,984$1,058,707$854,071$1,695,435
52$2,216,477$1,060,264$832,363$1,787,177
53$2,390,653$1,060,313$808,343$1,886,916
54$2,580,960$1,058,729$781,883$1,995,470
55$2,788,992$1,055,381$752,850$2,113,745
56$3,016,504$1,050,129$721,105$2,242,739
57$3,265,427$1,042,825$686,502$2,383,553
58$3,537,890$1,033,313$648,889$2,537,405
59$3,836,235$1,021,425$608,107$2,705,640
60$4,163,041$1,006,985$563,989$2,889,740
61$4,521,151$989,807$516,362$3,091,343
62$4,913,692$969,691$465,043$3,312,258
63$5,344,111$946,428$409,845$3,554,480
64$5,816,203$919,796$350,567$3,820,211
65$6,334,148$889,559$287,004$4,111,882
66$6,902,552$855,468$218,940$4,432,176
67$7,526,487$817,260$146,148$4,784,052
68$8,211,538$774,656$68,394$5,170,779
69$8,963,862$727,361$0$5,595,959
70$9,790,237$675,062$0$6,067,305
71$10,698,132$617,431$0$6,604,404
72$11,695,775$554,119$0$7,194,632
73$12,792,231$484,757$0$7,843,402
74$13,997,484$408,957$0$8,556,681
75$15,322,538$326,306$0$9,341,044
76$16,779,512$236,370$0$10,203,743
77$18,381,761$138,691$0$11,152,769
78$20,143,998$32,784$0$12,196,933
79$22,082,433$0$0$13,345,946
80$24,214,926$0$0$14,629,432
81$26,561,156$0$0$16,049,994
82$29,142,806$0$0$17,613,197
83$31,983,764$0$0$19,333,519
84$35,110,355$0$0$21,226,913
85$38,551,582$0$0$23,310,956
86$42,339,402$0$0$25,605,017
87$46,509,031$0$0$28,130,437
88$51,099,269$0$0$30,910,731
89$56,152,870$0$0$33,971,812
90$61,716,944$0$0$37,342,230
91$67,843,404$0$0$41,053,448
92$74,589,449$0$0$45,140,134
93$82,018,110$0$0$49,640,487
94$90,198,842$0$0$54,596,601
95$99,208,178$0$0$60,054,863
96$109,130,450$0$0$66,066,383
97$120,058,591$0$0$72,687,485
98$132,095,001$0$0$79,980,233
99$145,352,525$0$0$88,013,017
100$159,955,506$0$0$96,861,202